Parking Management Market is Estimated to Grow at a CAGR of 12.4% within the forecast period of 2023-2030: Cognitive Market Research

Market Overview:
- Parking Management refers to the coordination and control of various activities related to parking vehicles. This includes overseeing the design and operation of parking facilities, such as parking lots, garages, and on-street parking, as well as managing the allocation and use of parking spaces.

Summary:
- The Global Parking Management Market is projected to grow at a CAGR of 12.4% during the forecast period of 2022-2030.
- The increasing need for parking spaces and efficient use of space is the major driving factor for the growth of the Parking Management market.
- North America accounted for the largest market share in the Global Parking Management Market.

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Market Dynamics:
- The increasing need for parking spaces and efficient use of space is driving the growth of the parking management market. Parking management helps optimize the use of limited parking space by ensuring that vehicles are parked in designated areas and that the parking facility is not overutilized. This helps reduce congestion and minimize the impact of parking on the surrounding environment. Moreover, the rising number of vehicles across the world and the rapid development of smart cities are supporting the growth of the parking management systems market. However, complexities related to system integration are anticipated to hamper the growth of the market.

Market Segmentation:
- Solution:
Access Control
Security & Surveillance
Revenue Management
Parking Reservation Management
Valet Parking Management
Others
Based on the solution, parking reservation management holds the major share and is anticipated to grow at the fastest rate during the forecast period. This is attributed to the rising need for parking reservation solutions owing to the increasing urban population.

- Service:
Consulting Services
System Integration and Deployment
Support and Maintenance

- Deployment:
Cloud
On-premise

- Parking Site:
On-street
Off-street

- Off-street parking site:
Garage Parking
Lot Parking

- Application:
Transport Transit
Commercial
Government

- Major Players in Parking Management Market are: Conduent, Amano, Q-Free, Indigo Park Services, Chetu, Streetline, SWARCO, T2 Systems, SKIDATA, Flowbird, INRIX, FlashParking, Parkmobile, NuPark, SpotHero, TIBA Parking, Urbiotica, Smart Parking, SAP, Siemens, APCOA, Bosch Mobility Solutions, GET MY PARKING, Nester.

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North America is a leading region of the Parking Management market.
- North America held the largest share of the Parking Management market in the year 2021 owing to the increasing number of vehicles, rise in the adoption of smartphones, and increasing commercialization is driving the demand for parking management across the region.

News:
- Amano McGann Launched Amano ONE - Cloud-based Parking Access and Revenue Control System
Amano McGann introduced Amano ONE today, the simplified, powerful, and reliable parking access and revenue control system that efficiently optimizes parking operations. Amano ONE's cloud-based platform is designed to be easy to install and manage with lower maintenance costs, seamless updates, and intuitive onboarding.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
1.1 Global Parking Management Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
3.1 Global Parking Management Market Size 2018 - 2030, (USD Million)
3.2 Global Parking Management Market: Snapshot
Chapter 4 Global Parking Management Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Parking Management Market by Solutions Segmentation Analysis (2018-2030)
Chapter 9 Global Parking Management Market by Parking Site Segmentation Analysis (2018-2030)
Chapter 10 Global Parking Management Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Parking Management Market by Services Segmentation Analysis (2018-2030)
Chapter 12 Global Parking Management Market by Deployment Segmentation Analysis (2018-2030)
Chapter 13 Global Parking Management Market Regional Analysis
Chapter 14 North America Parking Management Market Outlook (2018 - 2030)
Chapter 15 Europe Parking Management Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Parking Management Market Outlook (2018 - 2030)
Chapter 17 Latin America Parking Management Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Parking Management Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more Parking Management Market TOC click here: https://www.cognitivemarketresearch.com/parking-management-market-report#table_of_contents

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